Check out the companies which will be in focus during trade today based on recent and latest news developments.
Cipla: Cipla Ltd, one of the leading drug makers in India, will announce its Q3 numbers today.IIFL forecasts the company’s net revenue for Q3 FY16 to increase to Rs. 3,403 crore, growing at a rate of 23.1% yoy; however, it is likely to drop 1.4% qoq.
ITC: Fortis Inc and ITC Holdings Corp. announced that they have entered into an agreement and plan of merger pursuant to which Fortis will acquire ITC in a transaction valued at approximately US$11.3 billion.
Motherson Sumi: The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 3073.50 mn for the quarter ended December 31, 2015 as compared to Rs. 2542.10 million for the quarter ended December 31, 2014.
TCS: TCS allayed market concerns about the state of demand in the Banking and Financial Services industry vertical by reiterating that TCS' business in the BFS vertical continues to grow well, ahead of the overall company growth.
Ambuja Cement: The company will announce its Q3 numbers today.IIFL forecasts the company’s net profit for Q4 FY15 to decline to Rs. 204 crore, at a rate of 37.9% yoy; however, it is likely to go up 32.8% qoq.
Jet Airways (India) Ltd: Jet Airways is expected to place another large aircraft order, a top official at aircraft maker Boeing Co. has been quoted as saying by a business daily.
Shree Renuka Sugars Ltd: The company reported a narrowing of its standalone net loss at Rs. 45.8 crore for the quarter ended December 31, 2015.
Raymond said its Board has approved raising of up to Rs. 100 crore through issuance of non-convertible debentures (NCDs) on private placement basis.
IDBI Bank Ltd: State-owned IDBI Bank raised Rs. 1,000 crore from bonds on private placement basis to fund infrastructure projects.
Prestige Estates Projects Ltd: Prestige Estates Projects reported 35% decline in standalone net profit at Rs. 64.85 crore for the quarter ended December.
SRF: The company said it has claimed Rs. 80 crore as damage from the insurance company for its Manali plant due to recent floods and rains in Tamil Nadu.
Essar Oil Ltd: Essar Oil net profit increased to Rs. 364 crore in the third quarter if 2015-16 from Rs. 52 crore a year ago despite a decline in revenue, driven by robust margins.
MOIL: The company’s standalone revenue stood at Rs. 87.81 crore, down 59.79% yoy and 40.13% qoq.
Allahabad Bank: Allahabad Bank Bank, mid-sized PSU bank, reported standalone net loss of Rs. 486.14 crore for the quarter ended December 31, 2015.The bank's Net Interest Income (NII) stood at Rs. 1,416.22 crore, registering decline of 12.65% yoy and 11.87% qoq.
Larsen & Toubro: L&T has been awarded the INR 1,734-crore EPC contract to work on the construction of the Dholera smart city, reports a business daily.
Hindalco Industries: The company’s standalone revenue stood at Rs. 8,150.27 crore, down 5.26% yoy and 8.68% qoq.
GAIL (India): The company’s standalone revenue stood at Rs. 13,451.58 crore, down 10.14% yoy and 5.04% qoq.
Suprajit Engineering: The company’s standalone revenue stood at Rs. 159.07 crore, clocking growth of 12.74% yoy and 7.31% qoq.
Dena Bank: Dena Bank, financial services company, reported standalone net loss of Rs. 662.85 crore for the quarter ended December 31, 2015.
Ramco Cements: The company’s consolidated revenue stood at Rs. 821.21 crore, up 0.58% yoy but down 8.38% qoq
SpiceJet, IndiGo: Competition Appellate Tribunal stayed penalties totalling Rs. 106 crore imposed by CCI on IndiGo and SpiceJet for alleged cartelisation in fixing fuel surcharge on air cargo, as per report.
Jubilant Life Sciences: Jubilant Life Sciences, integrated global pharmaceutical, reported consolidated net profit of Rs.116.93 crore for the quarter ended December 31, 2015, registering growth of 0.96% qoq.
SAIL: The company posted a net loss of Rs. 15287.30 mn for the quarter ended December 31, 2015 as compared to net profit of Rs. 5790.90 mn for the quarter ended December 31, 2014.
Punjab National Bank: The Bank reported standalone net profit of Rs. 51.01 crore for the quarter ended December 31, 2015, registering decline of 93.41% yoy and 91.78% qoq.
Sunil Hitech Engineers: Sunil Hitech Engineers , diversified company with interest in power plant construction, reported standalone net profit of Rs. 12.75 crore for the quarter ended December 31, 2015, registering growth of 40.17% yoy.
Gujarat Fluorochemicals: The company’s consolidated revenue stood at Rs. 1,608.22 crore, down 0.79% yoy and 10.42% qoq.
Ashiana Housing: The company reported a fall of 95% in net profit to Rs.0.26 crore for the quarter ended Dec. 31, 2015 as compared to Rs.5.3 crore in the same period last year.
Britannia Industries: Britannia Industries , biscuit maker, reported consolidated net profit of Rs.207.59 crore for the quarter ended December 31, 2015, registering growth of 51.22% yoy.
Eros International Media: The company’s consolidated revenue stood at Rs. 335.38 crore, down 31.66% yoy and 33.58% qoq.
Aurobindo Pharma: Aurobindo Pharma , pharmaceutical research company, reported consolidated net profit of Rs. 534.95 crore for the quarter ended December 31, 2015, registering growth of 39.18% yoy.
Ramco System: The company’s consolidated revenue stood at Rs. 117.60 crore, witnessing growth of 9.19% qoq and 19.87% yoy.
Apollo Tyres: Apollo Tyres, tyre maker, reported consolidated net profit of Rs. 278.60 crore for the quarter ended December 31, 2015, registering growth of 51.25% yoy.
Gulf Oil Lubricants India: The company’s standalone revenue stood at Rs. 260.23 crore, up 9.07% yoy.
ITC: Fortis Inc and ITC Holdings Corp. announced that they have entered into an agreement and plan of merger pursuant to which Fortis will acquire ITC in a transaction valued at approximately US$11.3 billion.
Motherson Sumi: The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 3073.50 mn for the quarter ended December 31, 2015 as compared to Rs. 2542.10 million for the quarter ended December 31, 2014.
TCS: TCS allayed market concerns about the state of demand in the Banking and Financial Services industry vertical by reiterating that TCS' business in the BFS vertical continues to grow well, ahead of the overall company growth.
Ambuja Cement: The company will announce its Q3 numbers today.IIFL forecasts the company’s net profit for Q4 FY15 to decline to Rs. 204 crore, at a rate of 37.9% yoy; however, it is likely to go up 32.8% qoq.
Jet Airways (India) Ltd: Jet Airways is expected to place another large aircraft order, a top official at aircraft maker Boeing Co. has been quoted as saying by a business daily.
Shree Renuka Sugars Ltd: The company reported a narrowing of its standalone net loss at Rs. 45.8 crore for the quarter ended December 31, 2015.
Raymond said its Board has approved raising of up to Rs. 100 crore through issuance of non-convertible debentures (NCDs) on private placement basis.
IDBI Bank Ltd: State-owned IDBI Bank raised Rs. 1,000 crore from bonds on private placement basis to fund infrastructure projects.
Prestige Estates Projects Ltd: Prestige Estates Projects reported 35% decline in standalone net profit at Rs. 64.85 crore for the quarter ended December.
SRF: The company said it has claimed Rs. 80 crore as damage from the insurance company for its Manali plant due to recent floods and rains in Tamil Nadu.
Essar Oil Ltd: Essar Oil net profit increased to Rs. 364 crore in the third quarter if 2015-16 from Rs. 52 crore a year ago despite a decline in revenue, driven by robust margins.
MOIL: The company’s standalone revenue stood at Rs. 87.81 crore, down 59.79% yoy and 40.13% qoq.
Allahabad Bank: Allahabad Bank Bank, mid-sized PSU bank, reported standalone net loss of Rs. 486.14 crore for the quarter ended December 31, 2015.The bank's Net Interest Income (NII) stood at Rs. 1,416.22 crore, registering decline of 12.65% yoy and 11.87% qoq.
Larsen & Toubro: L&T has been awarded the INR 1,734-crore EPC contract to work on the construction of the Dholera smart city, reports a business daily.
Hindalco Industries: The company’s standalone revenue stood at Rs. 8,150.27 crore, down 5.26% yoy and 8.68% qoq.
GAIL (India): The company’s standalone revenue stood at Rs. 13,451.58 crore, down 10.14% yoy and 5.04% qoq.
Suprajit Engineering: The company’s standalone revenue stood at Rs. 159.07 crore, clocking growth of 12.74% yoy and 7.31% qoq.
Dena Bank: Dena Bank, financial services company, reported standalone net loss of Rs. 662.85 crore for the quarter ended December 31, 2015.
Ramco Cements: The company’s consolidated revenue stood at Rs. 821.21 crore, up 0.58% yoy but down 8.38% qoq
SpiceJet, IndiGo: Competition Appellate Tribunal stayed penalties totalling Rs. 106 crore imposed by CCI on IndiGo and SpiceJet for alleged cartelisation in fixing fuel surcharge on air cargo, as per report.
Jubilant Life Sciences: Jubilant Life Sciences, integrated global pharmaceutical, reported consolidated net profit of Rs.116.93 crore for the quarter ended December 31, 2015, registering growth of 0.96% qoq.
SAIL: The company posted a net loss of Rs. 15287.30 mn for the quarter ended December 31, 2015 as compared to net profit of Rs. 5790.90 mn for the quarter ended December 31, 2014.
Punjab National Bank: The Bank reported standalone net profit of Rs. 51.01 crore for the quarter ended December 31, 2015, registering decline of 93.41% yoy and 91.78% qoq.
Sunil Hitech Engineers: Sunil Hitech Engineers , diversified company with interest in power plant construction, reported standalone net profit of Rs. 12.75 crore for the quarter ended December 31, 2015, registering growth of 40.17% yoy.
Gujarat Fluorochemicals: The company’s consolidated revenue stood at Rs. 1,608.22 crore, down 0.79% yoy and 10.42% qoq.
Ashiana Housing: The company reported a fall of 95% in net profit to Rs.0.26 crore for the quarter ended Dec. 31, 2015 as compared to Rs.5.3 crore in the same period last year.
Britannia Industries: Britannia Industries , biscuit maker, reported consolidated net profit of Rs.207.59 crore for the quarter ended December 31, 2015, registering growth of 51.22% yoy.
Eros International Media: The company’s consolidated revenue stood at Rs. 335.38 crore, down 31.66% yoy and 33.58% qoq.
Aurobindo Pharma: Aurobindo Pharma , pharmaceutical research company, reported consolidated net profit of Rs. 534.95 crore for the quarter ended December 31, 2015, registering growth of 39.18% yoy.
Ramco System: The company’s consolidated revenue stood at Rs. 117.60 crore, witnessing growth of 9.19% qoq and 19.87% yoy.
Apollo Tyres: Apollo Tyres, tyre maker, reported consolidated net profit of Rs. 278.60 crore for the quarter ended December 31, 2015, registering growth of 51.25% yoy.
Gulf Oil Lubricants India: The company’s standalone revenue stood at Rs. 260.23 crore, up 9.07% yoy.
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